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Key lawmakers scaling back tax cut measure to avoid veto (access required)

An ambitious economic development bill meant to be a follow-up to the 2011 Arizona Competitiveness Package will jettison some of its more contentious provisions due to the Ninth Floor’s concerns that it will cost too much money.

But lawmakers and business groups pushing the bill say they’re optimistic that an agreement will be reached with Gov. Jan Brewer to cut state taxes on capital gains — the core component of the bill — even if they’re unable to achieve the outright elimination many GOP legislators sought earlier in the session.

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GOP congressmen bash feds at hearing (access required)

Republican members of Arizona’s congressional delegation gathered at the state Senate to excoriate the Obama administration and the federal government over policies on forest management, the environment and a host of other issues they say are hurting the economy and hampering job creation.

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